Ormat Technologies Inc (ORA)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 94,395 | 176,775 | 163,742 | 298,961 | 287,770 | 78,079 | 275,066 | 414,856 | 95,872 | 154,633 | 263,425 | 130,006 | 239,278 | 267,802 | 250,009 | 376,630 | 448,252 | 197,309 | 173,718 | 231,149 |
| Short-term investments | US$ in thousands | — | — | 1,380 | — | — | 0 | — | — | 0 | 0 | 0 | 42,927 | 43,343 | 45,479 | 45,960 | 27,735 | 98,217 | 91,277 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 598,078 | 566,334 | 530,732 | 546,254 | 537,012 | 540,034 | 383,209 | 390,960 | 343,910 | 372,028 | 353,113 | 583,991 | 544,156 | 534,272 | 246,229 | 254,234 | 248,647 | 236,303 | 404,646 | 567,319 |
| Quick ratio | 0.16 | 0.31 | 0.31 | 0.55 | 0.54 | 0.14 | 0.72 | 1.06 | 0.28 | 0.42 | 0.75 | 0.30 | 0.52 | 0.59 | 1.20 | 1.59 | 2.20 | 1.22 | 0.43 | 0.41 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($94,395K
+ $—K
+ $—K)
÷ $598,078K
= 0.16
The quick ratio of Ormat Technologies Inc has fluctuated over the past few years. It started at a low of 0.41 as of March 31, 2020, indicating a weaker ability to meet short-term obligations with its most liquid assets. The ratio improved gradually over the next few quarters, reaching its peak of 2.20 as of December 31, 2020, suggesting a strong ability to cover short-term liabilities with liquid assets.
However, the quick ratio started to decline from there, dropping to 0.30 by March 31, 2022, and fluctuating around 0.50 in the following quarters. This downward trend indicates a potential weakening in the company's short-term liquidity position. It is worth noting that a quick ratio below 1 may raise concerns about the company's ability to pay off its current liabilities without relying on inventory.
Overall, the quick ratio of Ormat Technologies Inc has shown variability, highlighting the importance of monitoring changes in liquidity over time to assess the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024